2,098 Intuit Inc. $INTU Shares Sold by Doliver Advisors LP

Doliver Advisors LP reduced its holdings in Intuit Inc. (NASDAQ:INTU) by 40.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,073 shares of the software maker’s stock after selling 2,098 shares during the period. Doliver Advisors LP’s holdings in Intuit were worth $847,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Rakuten Investment Management Inc. raised its position in Intuit by 522.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock valued at $34,852,000 after purchasing an additional 43,389 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Intuit by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after purchasing an additional 471,451 shares during the period. Vestcor Inc boosted its holdings in shares of Intuit by 79.1% in the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock worth $13,723,000 after purchasing an additional 9,148 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Intuit by 119.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after purchasing an additional 47,148 shares during the last quarter. Finally, Beacon Pointe Advisors LLC bought a new stake in Intuit in the second quarter worth $1,643,000. 83.66% of the stock is currently owned by institutional investors.

Insider Transactions at Intuit

In other Intuit news, Director Richard Dalzell sold 285 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director directly owned 11,531 shares of the company’s stock, valued at $3,751,726.16. The trade was a 2.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the transaction, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.49% of the company’s stock.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Expanded NFL partnership supports AI marketing strategy. Intuit renewed its NFL partnership through 2030 and plans to use the league’s estimated 400 million-fan reach to promote Intuit Intelligence and its broader financial-management platform. The partnership could improve brand awareness and support adoption of QuickBooks, TurboTax and other products. Intuit Expands NFL Partnership to Boost Intuit Intelligence Reach
• Positive Sentiment: Growth strategy targets more customers. Intuit is emphasizing lower-cost entry points, sharper pricing and AI features in fiscal 2027 to accelerate customer growth across QuickBooks and TurboTax. If successful, the strategy could increase recurring revenue and expand the company’s addressable market. Intuit Targets Faster Customer Growth: Can Its Strategy Deliver?
• Positive Sentiment: Analyst valuation remains supportive. Intuit has a reported consensus price target of $431.55, implying substantial upside from recent trading levels. Commentary also highlights the company’s recurring revenue, earnings leverage and relatively lower forward valuation compared with some fintech peers. Intuit Consensus Price Target
• Positive Sentiment: Broader technology-sector rebound provided a trading catalyst. Enterprise software stocks led a recovery in technology shares, with Intuit among the software names posting gains. This suggests part of the move reflects improved sentiment toward the software sector rather than company-specific news alone. Software Stocks Lead a Rebound
• Neutral Sentiment: Intuit’s expanded IDEAS accelerator, including an LA28 Olympics cohort and a rural-business program, may strengthen its small-business pipeline, though the near-term financial impact is uncertain. Intuit Expands IDEAS Accelerator
• Negative Sentiment: The accelerated customer-growth plan relies on pricing changes and increased AI adoption, creating execution risk. Lower-cost offerings could also pressure near-term average revenue per customer before higher subscriber volumes offset the effect.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Intuit in a research report on Tuesday, September 8th. JPMorgan Chase & Co. lowered shares of Intuit from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $605.00 to $331.00 in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Intuit from $530.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Piper Sandler upped their price target on shares of Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a report on Wednesday, August 26th. Finally, Citigroup reduced their price objective on shares of Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Intuit presently has a consensus rating of “Hold” and a consensus target price of $431.55.

Intuit Trading Up 2.6%

Intuit stock traded up $7.07 during mid-day trading on Thursday, hitting $282.78. The company’s stock had a trading volume of 4,039,304 shares, compared to its average volume of 4,303,309. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The company has a 50 day moving average of $324.38 and a 200-day moving average of $339.80. Intuit Inc. has a one year low of $252.84 and a one year high of $689.17. The stock has a market cap of $75.57 billion, a PE ratio of 17.14, a P/E/G ratio of 0.78 and a beta of 0.98.

Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, research analysts anticipate that Intuit Inc. will post 23.01 EPS for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is 33.45%.

Intuit Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.